Cowen restated their buy rating on shares of Amphenol (NYSE:APH) in a research report sent to investors on Wednesday, January 10th. The firm currently has a $105.00 price objective on the electronics maker’s stock.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Amphenol from a hold rating to a buy rating and set a $93.00 price target for the company in a report on Friday, September 22nd. Deutsche Bank reissued a buy rating and set a $95.00 price target (up from $80.00) on shares of Amphenol in a report on Thursday, October 5th. Bank of America raised shares of Amphenol from a neutral rating to a buy rating in a report on Friday, September 29th. Morgan Stanley increased their price target on shares of Amphenol from $74.00 to $85.00 and gave the stock an equal weight rating in a report on Thursday, October 26th. Finally, Stifel Nicolaus increased their price target on shares of Amphenol from $78.00 to $85.00 and gave the stock a hold rating in a report on Thursday, October 26th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Amphenol has an average rating of Buy and a consensus price target of $92.00.
Shares of Amphenol (NYSE APH) traded down $2.84 on Wednesday, hitting $88.41. 1,893,325 shares of the stock traded hands, compared to its average volume of 1,490,701. Amphenol has a twelve month low of $66.97 and a twelve month high of $93.62. The firm has a market capitalization of $27,862.19, a P/E ratio of 43.95, a price-to-earnings-growth ratio of 2.68 and a beta of 0.82. The company has a quick ratio of 2.25, a current ratio of 2.95 and a debt-to-equity ratio of 0.88.
Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 24th. The electronics maker reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.80 billion. Amphenol had a net margin of 9.28% and a return on equity of 26.09%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 earnings per share. sell-side analysts forecast that Amphenol will post 3.45 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Monday, March 19th will be issued a $0.19 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.76 dividend on an annualized basis and a yield of 0.86%. Amphenol’s dividend payout ratio (DPR) is presently 37.07%.
In other news, CFO Craig A. Lampo sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $89.51, for a total transaction of $895,100.00. Following the completion of the transaction, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at approximately $3,132,850. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Diana G. Reardon sold 503,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $90.73, for a total transaction of $45,637,190.00. Following the transaction, the director now directly owns 260,000 shares of the company’s stock, valued at $23,589,800. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 523,000 shares of company stock valued at $47,452,990. 2.51% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. People s United Financial Inc. increased its stake in shares of Amphenol by 6.8% during the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock worth $110,000 after purchasing an additional 95 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in Amphenol during the fourth quarter worth approximately $115,000. Acrospire Investment Management LLC acquired a new stake in Amphenol during the second quarter worth approximately $148,000. Cribstone Capital Management LLC boosted its position in Amphenol by 123.5% during the third quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock worth $161,000 after acquiring an additional 1,050 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its position in Amphenol by 52.6% during the fourth quarter. CENTRAL TRUST Co now owns 1,915 shares of the electronics maker’s stock worth $168,000 after acquiring an additional 660 shares during the last quarter. 97.00% of the stock is owned by institutional investors and hedge funds.
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Amphenol Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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